Equities analysts expect Ramco-Gershenson Properties Trust (NYSE:RPT) to post earnings of $0.33 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Ramco-Gershenson Properties Trust’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.32. Ramco-Gershenson Properties Trust posted earnings per share of $0.35 in the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The company is expected to report its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Ramco-Gershenson Properties Trust will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.31 to $1.35. For the next fiscal year, analysts anticipate that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.34 to $1.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Ramco-Gershenson Properties Trust.
Ramco-Gershenson Properties Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). The company had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.81 million. Ramco-Gershenson Properties Trust had a net margin of 26.05% and a return on equity of 8.75%.
RPT has been the topic of several research reports. Jefferies Group set a $13.00 price objective on shares of Ramco-Gershenson Properties Trust and gave the company a “hold” rating in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of Ramco-Gershenson Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine cut shares of Ramco-Gershenson Properties Trust from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Boenning Scattergood reissued a “sell” rating on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, February 22nd. Finally, B. Riley reissued a “buy” rating and set a $14.00 price target (down from $15.50) on shares of Ramco-Gershenson Properties Trust in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.86.
RPT traded up $0.03 during trading on Monday, hitting $12.12. The company had a trading volume of 645,579 shares, compared to its average volume of 601,125. The stock has a market capitalization of $959.65, a P/E ratio of 8.91, a P/E/G ratio of 2.24 and a beta of 0.56. Ramco-Gershenson Properties Trust has a one year low of $11.36 and a one year high of $15.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Tuesday, March 20th were given a dividend of $0.22 per share. The ex-dividend date was Monday, March 19th. This represents a $0.88 annualized dividend and a yield of 7.26%. Ramco-Gershenson Properties Trust’s dividend payout ratio (DPR) is presently 64.71%.
Large investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB bought a new stake in Ramco-Gershenson Properties Trust during the 4th quarter worth about $209,000. Verition Fund Management LLC bought a new stake in Ramco-Gershenson Properties Trust during the 4th quarter worth about $224,000. Ellington Management Group LLC bought a new stake in Ramco-Gershenson Properties Trust during the 4th quarter worth about $225,000. Allianz Asset Management GmbH bought a new stake in Ramco-Gershenson Properties Trust during the 3rd quarter worth about $264,000. Finally, SG Americas Securities LLC lifted its position in Ramco-Gershenson Properties Trust by 164.1% during the 3rd quarter. SG Americas Securities LLC now owns 25,787 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 16,023 shares in the last quarter.
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Ramco-Gershenson Properties Trust Company Profile
Ramco-Gershenson Properties Trust (NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's primary business is the ownership and management of regional dominant and urban-oriented, infill shopping centers in key growth markets in the 40 largest metropolitan markets in the United States.
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